Open Access Te Herenga Waka-Victoria University of Wellington
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Coco-Power: Exploring Copra-Derived Biodiesel for Grid Connected Electricity in Vanuatu

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posted on 2021-11-10, 01:12 authored by Hewitt, Timothy George

This research assesses the financial feasibility of a large scale copra-based biodiesel refinery in Vanuatu and whether any carbon finance could be sought to improve the viability of the project. The research cannot be perfectly predictive of the next fifteen years of financial situation, however, the research can quite accurately replicate the feasibility assessment that potential investors would make. The research finds that the project is not financially viable under current projections without carbon finance. The research also shows that carbon finance could be sought from a number of sources in order to make the project feasible. Under current projections the research finds that utilising the clean development mechanism would add approximately 2.9 million United States Dollars (USD) to the present value of the project. The conclusion from these results is that the proposed biodiesel project is sufficiently profitable to attract investors. The primary recommendation resulting from the research is that the stakeholders to the proposed biodiesel project begin an open discourse to work through any issues in order to develop a sustainable copra-based biodiesel refinery in Vanuatu to produce a substitute for the import of fossil diesel used for electricity generation in Port Vila. The secondary recommendation is that international climate change policy negotiators should keep in mind the full set of barriers when addressing the uptake of clean technology in developing countries; often it may not only be the financial feasibility that is preventing climate change mitigation activities.


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Date of Award



Te Herenga Waka—Victoria University of Wellington

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Author Retains Copyright

Degree Discipline


Degree Grantor

Te Herenga Waka—Victoria University of Wellington

Degree Level


Degree Name

Master of Science

Victoria University of Wellington Item Type

Awarded Research Masters Thesis



Victoria University of Wellington School

School of Geography, Environment and Earth Sciences


Weaver, Sean